Business groups are taking notice of pre-filed legislation that, if approved, would phase out the corporate franchise tax over a five-year period, a small slice of a broader effort to overhaul Louisiana’s tax system and attract outside business to the state. The current tax is $1.50 per $1,000 of taxable capital, up to $300,000, and
LABI, BRAC weigh in on efforts to phase out corporate franchise tax
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